Form 4: Timken Co. Executive Christopher Coughlin Reports Stock Transactions
SEC Form 4 Filing
Executive Vice President Christopher Coughlin of Timken Co. reports the disposition of shares to cover taxes related to restricted share units.
Summary
- Christopher A. Coughlin, an Executive Vice President at Timken Co., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On February 27, 2025, Coughlin disposed of 269 shares of common stock to cover taxes related to restricted share units, at a price of $82.61 per share.
- Following the transaction, Coughlin directly owns 103,048 shares of Timken Co. common stock.
- He also owns 7,881 restricted share units.
- Coughlin has a power of attorney agreement, executed on February 11, 2020, allowing Hansal N. Patel, Christine M. Przybysz, and John-Alex Shoaff to act on his behalf for SEC filings.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, and does not contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares being disposed of by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 2020-02-11 | Date of execution of Power of Attorney by Christopher A. Coughlin. |
| 2025-02-13 | Reporting person was granted 8,150 restricted share units that vest 25% per year from the date of grant. |
| 2025-02-25 | The reporting person elected to withhold shares to cover certain taxes in 2025. |
| 2025-02-27 | Date of stock transaction (disposal of shares) and vesting of restricted share units. |
| 2029-02-13 | Expiration date of restricted share units. |
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